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Worried You’re Going to Lose Your Job? Here’s What To Do

Layoffs at major US companies are inspiring fears of a recession, but there are ways to prepare for a worst-case scenario, experts say. 

Midsection Of Businessman Carrying Cardboard Box In Office
Photographer: Audtakorn Sutarmjam / EyeEm/EyeEm

With a recession on the horizon, that anxious voice in the minds of American workers is getting louder — am I going to lose my job? 

Fears of an economic downturn are becoming more widespread as the Federal Reserve hikes interest rates to combat the highest inflation in decades, with economists saying the probability of a downturn over the next 12 months is nearing 50%.